First Solar Inc (FSLR) reported revenue of $887.67 million in Q3 2024, reflecting a decline of 12.15% quarter-over-quarter (QoQ) but an 11.01% increase year-over-year (YoY). The operating income was $322 million, with a net income of $312.96 million, resulting in an EPS of $2.91, which was impacted by a one-time $50 million warranty charge related to their new Series 7 product. The company continues to navigate an evolving market landscape characterized by heightened competition and fluctuating pricing strategies, especially with ongoing international challenges including tariff implications and increased production costs from distributed manufacturing facilities. Additionally, management emphasized their long-term strategic focus on technological innovation and domestic manufacturing as competitive differentiators, projecting a strong backlog of 73.3 GW in contracted power, positioning the firm to meet future demand effectively.